New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter IV - Financial Condition Of Insurer and Reports to Superintendent
Subchapter A - Rules of General Application
Part 89 - AUDITED FINANCIAL STATEMENTS
Section 89.2 - General requirements related to filing and extensions for filing of annual audited financial reports and audit committee appointment
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 89.2
Current through Register Vol. 46, No. 39, September 25, 2024
(a) Every company shall file an audited financial report with the superintendent on or before May 31st for the year ended December 31st immediately preceding, except that a MCO shall file on or before April 1st for the year ended December 31st immediately preceding.
(b) A company shall submit any filings to the superintendent pursuant to this Part at the following locations:
(1) a life insurance
company, a risk retention group or fraternal benefit society shall file with
the New York City office of the life bureau;
(2) a property/casualty insurance company,
financial guaranty insurance company, reciprocal insurer, title insurance
corporation, or mortgage guaranty insurance company shall file with the New
York City office of the property bureau;
(3) a co-operative property/casualty
insurance company shall file with the Albany office of the property bureau;
and
(4) an accident and health
insurance company, municipal co-operative health benefit plan or MCO shall file
with the New York City office of the health bureau.
(c) Every company required to file an annual audited financial report pursuant to this Part shall designate a group of individuals to constitute its audit committee.
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